Thomist Capital Management LP Has $13.10 Million Stock Holdings in Par Pacific Holdings, Inc. (NYSE:PARR)

Thomist Capital Management LP raised its stake in Par Pacific Holdings, Inc. (NYSE:PARR) by 50.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 559,277 shares of the company’s stock after buying an additional 186,411 shares during the period. Par Pacific comprises about 4.9% of Thomist Capital Management LP’s portfolio, making the stock its 7th biggest position. Thomist Capital Management LP owned 0.97% of Par Pacific worth $13,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC raised its stake in Par Pacific by 215.1% during the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock worth $29,000 after buying an additional 796 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Par Pacific by 91.4% in the 4th quarter. Quadrant Capital Group LLC now owns 959 shares of the company’s stock valued at $35,000 after purchasing an additional 458 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Par Pacific during the 2nd quarter valued at about $43,000. nVerses Capital LLC grew its stake in Par Pacific by 41.7% during the second quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock worth $86,000 after purchasing an additional 1,000 shares during the period. Finally, Innealta Capital LLC bought a new stake in Par Pacific in the second quarter worth approximately $104,000. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Trading Down 0.2 %

PARR opened at $19.37 on Thursday. Par Pacific Holdings, Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $40.69. The firm has a market capitalization of $1.12 billion, a PE ratio of 2.42 and a beta of 1.99. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 0.59. The company’s 50-day moving average is $22.66 and its 200 day moving average is $27.85.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.36. Par Pacific had a return on equity of 26.40% and a net margin of 5.43%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company earned $1.73 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, research analysts predict that Par Pacific Holdings, Inc. will post 2.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on PARR. Piper Sandler cut their price target on Par Pacific from $43.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. TD Cowen decreased their price target on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, August 9th. UBS Group dropped their price objective on shares of Par Pacific from $40.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. reduced their target price on Par Pacific from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Finally, The Goldman Sachs Group dropped their price target on Par Pacific from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Par Pacific currently has an average rating of “Hold” and a consensus target price of $32.33.

Par Pacific Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.